Gales Ferry Fire Co Inc

Analysis

Gales Ferry Fire Co Inc is a registered charity in United States, based in Gales Ferry, CT. It received its IRS tax-exemption ruling in June 2001, 25 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gales Ferry Fire Co Inc reported income of $127k and spending of $123k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $127k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gales Ferry Fire Co Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Cherry Creek School Distric Parent Teacher Community Council Inc ($127k), Arizona Artistic Conflagrators Inc ($127k) and Joy 2 Learn Foundation ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $3,324. It paid $3,599 in professional fundraising fees. At year end it held assets of $586k against liabilities of $0, net assets of $586k. It reported 2 employees.